A minimum wage law (that sets the minimum wage above the equilibrium wage) can be expected to Increase employment for unskilled workers. clear the market for unskilled workers. increase the number of firms in those industries where the law Is effective. reduce the hours worked for some unskilled workers. all of the above
Answer
Ans) the correct option is c) reduce the hours worked for some
unskilled workers.
Minimum wage will lead to surplus of labor.
